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People were sounding the alarm about the housing bubble, but they didn't realize it would lead to a systemic crisis in the banking system (because so many banks
by matthewdgreen 7y ago
People were sounding the alarm about the housing bubble, but they didn't realize it would lead to a systemic crisis in the banking system (because so many banks had filled their balance sheet with securitized debt instruments.)
- dragonwriter 7y ago> People were sounding the alarm about the housing bubble, but they didn't realize it would lead to a systemic crisis in the banking system (because so many banks had filled their balance sheet with securitized debt instruments.) A number of leading voices, across the spectrum, did predict that.